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  • Drug Spending Drops for the First Time in 55 Years Thursday, 9 May 2013 | 8:31 AM ET

    Patent expirations on big-name drugs has resulted in modestly less spending on medicines in the U.S. for the first time in at least 55 years, a report showed Thursday.

  • US Jobless Claims Surprise, Dropping Below 350,000 Thursday, 9 May 2013 | 8:30 AM ET
    Job seekers wait in line to meet with employers at the 25th Annual CUNY Big Apple Job and Internship Fair at the Jacob K. Javits Convention Center in New York.

    New claims for unemployment benefits dropped to the lowest level in nearly 5-1/2 years last week, signaling labor market resilience in the face of fiscal austerity.

  • Putting a Price Tag on High School Graduation Thursday, 9 May 2013 | 8:00 AM ET

    Graduating from high school is becoming an ever more elaborate process. Expect to spend over $1,000 to attend the prom—and that's just the start.

  • Foreclosure Crisis Still Has Millions in Its Grip Thursday, 9 May 2013 | 7:00 AM ET
    Courtney Scott says she has been fending off foreclosure since 2008 while trying to work with her lender to modify the mortgage on her McDonough, Ga. home.

    Five years after the mortgage meltdown sparked a wave of foreclosures, millions of Americans are still fighting to save their homes. That is hurting a broader housing recovery.

  • Rotation Into Cyclicals Could Provide Market Boost Thursday, 9 May 2013 | 6:00 AM ET

    Investors have been dipping into growth-oriented cyclicals, and if the trend continues, it could add more momentum to the stock market rally.

  • Bank of England Holds Back on New Stimulus Thursday, 9 May 2013 | 5:26 AM ET

    The Bank of England left its benchmark rate unchanged at 0.5 percent, a record low, on Thursday. Policymakers also kept the size of the asset purchase program unchanged at 375 billion pounds ($584 billion).

  • China Inflation Data Show Central Bank's Dilemma Thursday, 9 May 2013 | 1:24 AM ET

    China's annual consumer inflation rose by more than expected in April while factory prices fell for a 14th consecutive month, highlighting the dilemma facing the central bank.

  • US Oil Production Is Nearly on Par With Imports Wednesday, 8 May 2013 | 10:53 PM ET

    The amount of oil produced in the U.S., now at a 21 year high, is nearly even with the amount being imported.

  • Japan Bear Warns on Unfolding Debt Crisis Wednesday, 8 May 2013 | 9:41 PM ET
    Tokyo, Japan

    Japan will be consumed by a debt crisis surpassing the U.S. subprime crash, telling investors that "the beginning of the end has begun" for Japan's finances. The Financial Times reports.

  • Pisani: Here's What's Driving Stocks Higher Wednesday, 8 May 2013 | 4:02 PM ET

    Massive liquidity, an ongoing search for yield, modestly higher corporate earnings, heavy stock buybacks, and the Fed's bond-buying program is fueling stocks to new highs. This is constricting supply.

  • Fed's Fisher: Politicians Holding Back Job Growth Wednesday, 8 May 2013 | 12:14 PM ET
    Richard Fisher

    Politicians in Washington are holding back the US economy and job growth can't reach its full potential until Congress gets its act together, said Richard Fisher, president of the Dallas Fed.

  • Sell in May, Go Away? Not This Year, Say Traders Wednesday, 8 May 2013 | 11:19 AM ET
    A trader on the floor of the New York Stock Exchange wears a hat embroidered with 15,000 at the end of the trading day on May 7, 2013 in New York City.

    Now that the Dow has cracked 15,000, the argument for "sell in May" may be getting weaker. "It's not based on anything but seasonality and phrases," says one trader.

  • CIA to Starbucks: Where Millennials Want to Work Wednesday, 8 May 2013 | 10:53 AM ET

    Health care and technology, not banking and finance, top millennials' choice for careers, according to a new survey. See which companies they would prefer to work. St. Jude hospital?

  • Only 4% of Colleges Worth the Money: Ex-Official Wednesday, 8 May 2013 | 10:50 AM ET

    Former Education Secretary William Bennett argues that 96 percent of colleges aren't worth the investment due to high loan payments and sky rocketing unemployment rates.

  • US Sees Bigger April Surplus as Deficit Narrows: CBO Wednesday, 8 May 2013 | 8:14 AM ET
    Jeffrey Zients

    April's U.S. budget surplus was bigger than a year ago and the government ran a much smaller deficit in the first seven months of the year, the CBO said.

  • Roubini: No Stock Bubble, but Crash May Come Later Wednesday, 8 May 2013 | 12:27 AM ET
    Nouriel Roubini, co-founder and chairman of Roubini Global Economics

    Stocks aren't in bubble territory as yet, but a "huge rally in risk assets" over the next two years puts markets in danger of a big crash, Nouriel Roubini said.

  • Lew Blames Washington for Slow Growth Tuesday, 7 May 2013 | 8:28 PM ET
    Jack Lew

    Dysfunction in Washington is one of the biggest drags on the U.S. economy, undermining confidence and crimping growth, Treasury Secretary Jack Lew says.

  • Why US Stocks Are Soaring While Economy Struggles Tuesday, 7 May 2013 | 7:55 PM ET

    Even the rosiest of forecasters acknowledge growth slowed sharply from the first three months of the year. And yet major U.S. stock indexes continue swaggering to fresh all-time highs.

  • Market Gains Could Keep on Coming After Dow 15,000 Tuesday, 7 May 2013 | 6:51 PM ET

    The Dow finished above 15,000 for the first time ever, confounding a chorus of critics who believe the market should do what it usually does — sell off in May.

  • Banks (Finally) Start Lending Again Tuesday, 7 May 2013 | 1:15 PM ET

    Lending conditions, particularly for businesses, are beginning to thaw after five years of financial lockdown, according to a Fed survey.

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